BA
I wouldn’t touch this one with my A-hole sister’s money, which was probably stolen from me. I’m hearing words like “unprecedented” and “Never in aviation history”..
-5,111 Boeing 737 MAX’s ordered
- 150 delivered and were in use. (until last Weds)
-$100MM - the price of one 737 Max
that amounts to over $510B of potential future write downs = HELL NO. My brain just exploded trying to think of the effects to earnings and the 2% dividend. Ka Boom.
Trade active:
Nothing surprising about Boeing dropping through the Red 0.50 fib level, now on its way down to the double golden 0.618 and 0.65 (~ $349). My guess is we’re likely breaking throug that as well, down to blue 0.786 fib level (~$325)
Trade closed: target reached:
Both targets hit. Took 2 months but it happened. My Puts options returned +400%